Home Storm Chaser Blogs Sirius | XM Reports Fourth Quarter and FY 2008 Results
Mar 11
2009

Sirius | XM Reports Fourth Quarter and FY 2008 Results

Posted by Brian Barnes under Gerneral, News, Technology Leave a Comment

Sirius|XM Logo

Sirius|XM Logo

Sirius|XM posted the company’s fourth quarter and full year results today with a pro forma adjusted income of $32 million (compared to a $224M loss of a year ago), making it the first time in the company’s history that it has reported a gain instead of a loss.

However keep in mind that this also includes the very recent $500 million loan the company recently received to save it from having to file for bankruptcy protection and possibly having to sell their space hardware.

Why is this important to storm chasing? Well, because XM-Weather (XM-WX) is delivered by Sirius|XM and provides real-time weather data to tens of thousands of users from pilots, mariners and yes – storm chasers.

The full report released today: http://investor.sirius.com/releasedetail.cfm?ReleaseID=370082

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